Japanese automotive supplier Marelli and Shanghai-listed Highly International have reached an agreement to establish a new joint venture, Highly Marelli, to focus on heating, ventilation & air conditioning (HVAC) and electric driven compressor (EDC) systems.
- The JV follows Marelli’s acquisition of equity interest in Shanghai Highly New Energy Technology Co from Johnson Controls-Hitachi Air Conditioning in August 2019.
- With this JV, Marelli will get access to the growing automotive market in China. Also, Marelli is now another step closer to becoming a globally diversified Tier 1 supplier.
- Marelli’s expertise in thermal management solutions will help Highly to improve its products and create better value for customers.